FOR IMMEDIATE RELEASE Majors Plastics Inc. Wins 3M Supplier of the Year Award

Award recognizes suppliers who improve 3M’s competitiveness

St. Paul, Minn. 08/02/2017- Majors Plastics, Inc., Custom Injection Molder and Contract Manufacturing, was honored with the 2017 3M Supplier of the Year Award in recognition of the company’s contribution to improving 3M’s competitiveness.
This year,3M recognized 15 suppliers -- among thousands in its global supply base -- for world class performance in providing products and/or services. These suppliers were identified and rated based on strategic spend, contract compliance, actions taken to improve 3M’s relevance and overall supplier performance (quality, delivery, responsiveness, cost, technology roadmaps). An awards ceremony will be held Aug. 4 at the 3M Championship in Blaine, Minn.
Mark Swanson, President and CEO of Majors Plastics stated, "This truly is an honor to be recognized by 3M. This award is achieved because of the many fine, hardworking people who make Majors Plastics a success. We are truly a team of individuals who value our customers and appreciate the opportunities given. Because we are 100% employee owned, we all have a personal interest in succeeding and achieving our customers' expectations is a huge part of our success.
“Our suppliers are critical to our ability to execute our business strategies and benefit our customers,” said Jose Varela, vice president, 3M Sourcing Operations. “We are fortunate to work with great suppliers who are committed to maintaining a partnership with 3M and helping us service our global customers with the innovative and valuable solutions they expect. It’s important that we recognize our most outstanding suppliers, and that’s what this award is all about.”
Majors Plastics is a full-service custom plastics injection molding business with over 100 molding machines and over 500 employees from the Omaha area specializing in high-volume, high-quality injection molding. The Company provides precision thermoplastic component parts that are used in a wide variety of commercial and industrial product applications in the electronics, medical, safety and health, optical, agricultural, and telecommunication battery products. The Company does not produce proprietary products but fabricates through injection molding custom components manufactured to each individual customer’s specifications. In addition, the Company provides contract manufacturing including assembly, testing, packaging, over-molding, two shot molding, pad printing, sonic welding, heat staking, and inventory logistics in both the United States and Mexico.

About 3M
At 3M, we apply science in collaborative ways to improve lives daily. With $30 billion in sales, our 90,000 employees connect with customers all around the world. Learn more about 3M’s creative solutions to the world’s problems at www.3M.com or on Twitter @3M or @3MNewsroom.

OMAHA, Neb.--(BUSINESS WIRE)--Majors Plastics, Inc. (Majors) is pleased to announce the successful expansion of its Employee Stock Ownership Plan (ESOP). While the company has been partially ESOP owned for several years, this expansion has resulted in Majors becoming a 100% ESOP owned company to its 500 employees, and provides the opportunity for additional employees to participate in the plan.

Majors is a leading global custom injection molder and contract manufacturer serving medical, health and safety, electronics, and other end markets. Founded in 1953, Majors has established a strong brand name as a trusted supplier of plastic parts, components, and assemblies. The company operates from a large, multi-facility campus in Omaha, with over 226,000 square feet of state of the art manufacturing space. Major’s strong engineering and technical capabilities, enables the company to be a world class manufacturer serving customers throughout the world.

“Over the past 60 years our business has successfully grown due to our core values of innovation, quality, and customer service. We can only deliver on these core values because of our dedicated employees. With this in mind, we are very excited to announce the ESOP expansion and look forward to providing the opportunity for more of our employees to participate in the ESOP,” said Tim McConnell, Chairman and CEO of Majors Plastics.

In 2009, Majors Plastics was awarded the “Most Innovative Manufacturing Company” in Nebraska by the Nebraska State Chamber of Commerce.

More information on Majors Plastics can be found at their website,www.majorsplastics.com. P&M Corporate Finance (PMCF) served as financial advisor to Majors on this transaction.